SPCS

SOCIETY FOR PROMOTION OF COMMUNITY STANDARDS INC.

Buildwise Ltd and the obligations of Liquidators under Companies Act 1993

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In accordance with Section 255 of the Companies Act 1993, Liquidators have a statutory duty to report to all creditors and shareholders on the conduct of the liquidation of a company during the entire period for which they have been appointed Liquidators.  Six monthly reports are required to be promptly issued following a company being placed into liquidation and these reports are to be lodged with the Companies Office by the Liquidator and filed on its website www.companies.govt.nz . (It is notworthy that Court-appointed company liquidations are on the rise according to latest figures available from the Ministry of Economic Development).

Buildwise Limited (Co. No. 714048), directed by David Bruce Crow of Inglewood, Taranaki, was placed into voluntary liquidation with Insolvency specialists, Meltzer Mason Heath of Auckland, on 3 July 2009, owing $380,000 to unsecured creditors and an “unknown” amount to preferential creditors and secured creditors, according to the Liquidator’s Report dated 3 July 2009 (53 creditors were “known” at the time and listed in this report).

However, since this initial insolvency report was issued, only two further Liquidator’s Reports has been filed and made available to creditors on the Companies Office website. The first covering the period 3 July 2009 to 3 January 2010 states: “It is unlikely that there will be funds available for a distribution to unsecured creditors”.  No information is provided as to funds that might be available to preferential creditors and/or secured creditors. [Read more…]

Steve Crow faces defended hearing over his alleged breach of banning order

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Stephen (Steve) Peter Crow represented himself when he appeared in Courtroon 11 of the Auckland District Court at 10 am this morning facing a charge under the Companies Act 1993, brought against him by the Ministry of Economic Development.

He was charged with acting as a company director while under a four year banning order imposed on him by the Registrar of Companies under s. 385 of the Companies Act – a ban that took effect on 16 April 2010. It is alleged that he breached the ban after he organised and led the 2010 “Boobs on Bikes” parade.

His former company Eden Digital Ltd, now directed by John M Carr CPA – a San Antonio US-based businessman and investor, was also named as an organiser of the porn promotion parade (which has always served to promote the Erotica Lifestyles Expo – run by Eden Digital Ltd – that is held a few days after the parade).

Crow told the court he was not a director of the pornography distribution company Eden Digital Ltd and he was part of the parade because of his experience with the “freedom of expression” event. (Eden Digital Ltd is fully owned by CVC Group Ltd, directed by John Malcolm Carr CPA).

Crow pleaded “not guilty” to the charge of breaching the banning order imposed under s. 385 of the Companies Act. A defended hearing is set for 12 September 2011.

See: Charge ‘attack on Boobs on Bikes’ [claims Steve Crow] by Ian Steward

“A prosecution of porn king Steve Crow is a veiled attempt to shut down his Boobs on Bikes parade, the pornographer has told a court.”

http://www.stuff.co.nz/national/crime/4932200/Charge-attack-on-Boobs-on-Bikes [Read more…]

Porn tycoon Steve Crow pleads not guilty – TV ONE NEWS – 5 April

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“Controversial businessman Steve [Stephen Peter] Crow has pleaded not guilty to a charge of breaching a ban on managing companies in court in Auckland this afternoon [April 5, 2011].

“The Ministry of Economic Development imposed the four-year ban last year, following the collapse of several companies linked to Crow, best known as the organiser of Auckland’s Boobs on Bikes parade.

“The ministry alleges Crow was involved in the management and promotion of Eden Digital Ltd, the company that runs several firms with links to the sex industry, including the annual Erotica expo, and adult entertainment company Vixen. [Eden Digital Ltd currently has only one listed director, John M Carr CPA, whose US-registered corporation Better Business Services, Inc owns the domain namesof a number of hard core porn websites].

“Crow says he is only a shareholder in Eden Digital. [However, based on the most recent Annual Return on the NZ Companies Office website, registered on 11 June 2010, ALL Eden Digital’s shares (150,000) are owned by CVC Group Ltd directed by John Malcolm Carr CPA].

“An Auckland District Court judge today set a date for a full [defended] hearing in September [12, 13 and 14 September].” [Crow’s indication of sentence hearing was set down for 27 April at 10 am at the Auckland District Court. This will be his last opportunity to plead guilty prior to the defended hearing].

Source: http://tvnz.co.nz/national-news/porn-tycoon-pleads-not-guilty-4102067

Whimp’s threats to sue – appalling and should be ignored

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A banned company director has recently targeted a number of New Zealanders with threats of legal proceedings being issued against them if they don’t follow his demands – an action described by a promiment business leader today as appalling. [Read more…]

Crafar Farms, Foreign ownership, May Wang & the Overseas Investment Act 2005

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Enforcement agencies such as the National Enforcement Unit (NEU) of the Ministry of Economic Development (MED), the Serious Fraud Office (SFO), the judiciary (the Courts/Justice system) and the Overseas Investment Office (OIO), all play a key role in upholding community standards, prescribed in law, promoting and serving the “public good” and advancing the welfare of New Zealanders.

The following is a case study that raises a number of pertinent questions about the role of the above agencies in upholding community standards. The spiritual, social and economic welfare of the public suffers when fraud, corruption and exploitation of the economically vulnerable is allowed to go unchecked.

On 21 October 2010 the SFO commenced a part I investigation into the financial transactions between Hong Kong-based Natural Dairy (NZ) Holdings Ltd and three NZ registered companies directed by Ms May Yan Wang: namely UBNZ Trustee Ltd, UBNZ Assets Holdings Ltd and UBNZ Funds Management Ltd. The focus is the involvement of these companies in the purchase of 16 dairy farms formerly owned by the Crafter family company that was put into receivership on 5 October 2009. [Read more…]